cost of cure

    This is a limited preview! To see the full dictionary entry, Start Today or Sign in.
    To see an example of a full dictionary entry view the entry for jurisdiction.


    • the price that it would cost another party to complete the work in question. Cost of cure is used as a measure of damages following breach of contract where one party has not completed the work satisfactorily.
      Constable building are claiming $378 523, the price of demolishing the badly built swimming pools and rebuilding them according to the agreed dimensions (cost of cure).
    Phrase Bank

    • They claim that they are entitled to recover on a cost of cure theory.
    • The court reinstated the $2,545.96 award for cost of cure damages.
    • The financial cost of cure is the proper measure of damages